Azzad Asset Management Inc. ADV Has $6.07 Million Position in Imperial Oil Limited (NYSEAMERICAN:IMO)

Azzad Asset Management Inc. ADV boosted its position in shares of Imperial Oil Limited (NYSEAMERICAN:IMO) (TSE:IMO) by 2.0% in the first quarter, Holdings Channel reports. The firm owned 87,793 shares of the energy company’s stock after purchasing an additional 1,707 shares during the period. Imperial Oil accounts for 0.7% of Azzad Asset Management Inc. ADV’s investment portfolio, making the stock its 23rd biggest holding. Azzad Asset Management Inc. ADV’s holdings in Imperial Oil were worth $6,069,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of IMO. AdvisorNet Financial Inc lifted its stake in Imperial Oil by 52.6% in the fourth quarter. AdvisorNet Financial Inc now owns 522 shares of the energy company’s stock valued at $30,000 after buying an additional 180 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in Imperial Oil by 84.0% in the first quarter. Hexagon Capital Partners LLC now owns 493 shares of the energy company’s stock valued at $34,000 after buying an additional 225 shares in the last quarter. Clarius Group LLC lifted its stake in Imperial Oil by 6.0% in the fourth quarter. Clarius Group LLC now owns 7,104 shares of the energy company’s stock valued at $406,000 after buying an additional 402 shares in the last quarter. Natixis Advisors L.P. lifted its stake in Imperial Oil by 3.3% in the fourth quarter. Natixis Advisors L.P. now owns 12,894 shares of the energy company’s stock valued at $737,000 after buying an additional 409 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of Imperial Oil by 8.6% in the fourth quarter. CoreCap Advisors LLC now owns 5,322 shares of the energy company’s stock worth $304,000 after purchasing an additional 420 shares in the last quarter. Institutional investors and hedge funds own 20.74% of the company’s stock.

Wall Street Analyst Weigh In

IMO has been the topic of a number of research reports. Raymond James raised shares of Imperial Oil to a “hold” rating in a research report on Tuesday, May 28th. StockNews.com lowered shares of Imperial Oil from a “buy” rating to a “hold” rating in a research report on Monday. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $85.33.

Imperial Oil Price Performance

IMO traded up $1.22 during trading on Wednesday, reaching $69.93. 84,688 shares of the stock were exchanged, compared to its average volume of 394,191. The company has a market cap of $37.47 billion, a price-to-earnings ratio of 10.77 and a beta of 1.47. Imperial Oil Limited has a twelve month low of $48.26 and a twelve month high of $74.58. The company has a current ratio of 1.34, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17.

Imperial Oil (NYSEAMERICAN:IMO) (TSE:IMO) last issued its earnings results on Friday, April 26th. The energy company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.10. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $11.61 billion. Imperial Oil had a net margin of 9.46% and a return on equity of 20.76%. On average, research analysts forecast that Imperial Oil Limited will post 6.29 earnings per share for the current fiscal year.

Imperial Oil Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Monday, June 3rd were issued a $0.4377 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.75 annualized dividend and a dividend yield of 2.50%. Imperial Oil’s dividend payout ratio is currently 27.59%.

Imperial Oil Profile

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.